MARKET REPORT UPDATE: MECKLENBURG COUNTY'S JANUARY 2019 STATS

MARKET REPORT UPDATE: MECKLENBURG COUNTY'S JANUARY 2019 STATS

It has been a while since I sat down and reviewed the market statistics. We've entered a new year and so it is time. Let's review Mecklenburg County's January 2019 Stats!

Let's get started with the Median Sales Price in January. If we look back at 2017, we see a median sales price of $236,000. The following year, 2018, that price increased by +8.1 percent to $255,000. In 2019, we came down by -2.0 percent to having a median sales price of $250,000 in Mecklenburg County. More than 2 years ago, but slightly lower than 1 year ago.

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in January. We start with 2 years ago, 2017, and see that there were 1,252 new homes that came on the market. The following year, 2018, there was a slight decrease of -2.6 percent of 1,220 new homes coming on the market. In 2019, however, there was an increase of +13.4 percent with 1,383 new homes coming on the market. Not a huge increase, but definitely more homes than in both 2017 and 2018.

Next statistic we will review is the January Median Days on Market. Starting in 2017, we saw 18 median days on market and then the following year, 2018, we saw a slight decrease of -16.7 percent with 15 median days on market. In 2019, we increased by +66.7 percent to median days on the market of 25.

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!